(countable) A thing that is external relative to something else.
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(economics, countable) An impact, positive or negative, on any party not involved in a given economic transaction or act.
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Other Word Forms
Noun
Singular:
externality
Plural:
externalities
Externality Sentence Examples
Certainly, this reveals a limitation of ' externality adders ' approaches.
Concerns were raised whether Faculty Postgraduate Studies Committees had sufficient externality to hear appeal against the results of the coursework component of Masters degrees.
The state of Britain's road and rail system represents a significant negative externality for what is the fourth largest economy in the world.
The loud music produced by the young person is a negative consumption externality to the older person.
This paper combines both approaches in a nonlinear model with multiple steady states due to a production externality.